The Nigerian National Petroleum Company Limited has released prices of petrol from the Dangote Refinery at its retail stations across the country.
A statement by the MNPCL s Chief Corporate Communications Officer, Olufemi Soneye, on Monday said the PMS prices are negotiated between parties, in line with the Petroleum Industry Act ,PIA. pointing out that it was not set by the government,
The estimated pump price for petrol based on Dangote Refinery’s September 2024 PMS pricing is outlined as follows:
In Sokoto State, the price is set at N999.22, while Katsina State faces challenges with supply. In Borno State, the price is set at N1,019.22 per litre. In Sokoto, Kano, Kaduna, and the FCT, the price is set at N999.22, while it is N950.22 in Lagos and N960.22 in Oyo. It will be sold for N980.22 in Rivers and Imo states.
Soneye emphasized that PMS prices are not set by the government but negotiated directly between parties on an arm’s length basis, according to PIA Section 206 (1).
Additionally, NNPC is paying Dangote Refinery in USD for September 2024 PMS offtake, with Naira transactions commencing on October 1, 2024.
